Why should you use College Nannies & Tutors when you can get a referral from your friend down the street? There are several reasons, but today we will focus on one which can save your family $2000-$3000 a year.
At CNT all of our nannies are employees of our company. We take care of all of the payroll for our families, which includes withdrawing the taxes for the nannies. Besides the convenience of paying the nannies salary, your family can also set up a Flex Spending Account (FSA) through your work. What is a FSA? You can withdraw up to $5000 per year from your salary, if you are married and filing a joint return, or if you are a single parent, and that your child is 13 years old or younger. This money can only be used for childcare services. If you hire a nanny yourself and pay them cash you won't qualify for a Flex Spending Account.
We work with all of our families if we have to sign off on a form once a month or once a year, regardless of your families needs. If you think this takes a lot of time and effort, you're wrong. As a dad that's used a Flex Spending Account, it only takes about five minutes a month and that is worth the money! Let us help you save money for your family.